Business
Why People Like to Live in Ojo, Lagos by Dennis Isong
People are renting rooms, apartments, self-cons, and even shared spaces. If you’re an investor reading this, take note. The rental demand in Ojo, especially near LASU and major roads, is not child’s play.
Ojo. That name rings a certain kind of Lagos bell — the kind that echoes both old-time charm and present-day promise.
Located on the western flank of Lagos State, Ojo has quietly but consistently won the hearts of many Lagosians looking for a place to call home.
In fact, when people say they’re relocating to the Lagos mainland but don’t want to “suffer,” Ojo is often their silent dream.
But what exactly makes this place tick? Why is it that people from different walks of life — from the everyday hustler to the savvy investor — are drawn to Ojo, like suya, to charcoal? It’s not just about the affordability, even though that’s a major sugar in the garri. It’s something deeper. Something a little emotional.
Ojo may not always be the loudest name on the Lagos real estate radar, but those who know… know. And trust me, many know.
Let’s start with the vibe. Ojo has a rhythm of life that somehow balances the Lagos bustle with a bit of hometown calm.
You see people moving, markets booming, buses shouting destinations in that dramatic conductor voice — yet you don’t feel overwhelmed. There’s room to breathe. Room to plan. Room to build.
That alone is gold in a city like Lagos where everything feels like a race. And speaking of building, the Ojo Lagos real estate scene has been buzzing, slowly but steadily.
The land here still gives you that hope — the hope that you can buy now, build small, and grow big without selling your grandfather’s inheritance. While some parts of Lagos make you feel like you need to be Dangote’s nephew to afford anything decent, Ojo gently whispers, “Relax, you can afford me.”
Ojo may not always be the loudest name on the Lagos real estate radar, but those who know… know. And trust me, many know.
Now, let’s not pretend that Ojo is some fantasy land where all your problems vanish. No, Lagos will be still Lagos. But Ojo gives you a softer landing.
It’s the kind of place where your Naira stretches just a little further. You buy a piece of land and still have money for block, cement, and maybe even a small naming ceremony afterward. That’s the subtle magic of Ojo Lagos real estate — it feels within reach.
Of course, we can’t talk about Ojo without mentioning its iconic market — Alaba International Market. It’s not just a market, it’s a city on its own. Electronics, appliances, gadgets, and goods of all kinds — if it plugs, charges, lights up or plays music, Alaba probably has it.
For many residents, living close to Alaba is not just convenient, it’s smart business. Imagine saving transport fare daily while your shop is booming.
That’s not just living, that’s strategic living. And then there’s the presence of Lagos State University — LASU.
The campus draws students, lecturers, and business people from across Nigeria. This means two things: First, it adds to the vibrant life of the community, and second, it feeds the rental economy like well-cooked jollof.
People are renting rooms, apartments, self-cons, and even shared spaces. If you’re an investor reading this, take note. The rental demand in Ojo, especially near LASU and major roads, is not child’s play.
Transport is another thing Ojo handles with surprising ease. From here, you can connect to FESTAC, Mile 2, Badagry, and even the Lagos-Badagry Expressway, which is slowly transforming into a world-class express corridor.
When that road fully hits its prime, let’s just say those who bought land in Ojo early will be smiling like politicians during campaign season. Ojo is also home to a rich mix of people.
There’s the core Lagos crowd, the business-savvy Igbo families, the student population, and a sprinkle of other tribes just doing their thing. It’s a cultural pot that simmers nicely, and somehow, people coexist. If you’re the kind of person who enjoys knowing your neighbor and greeting “Good morning, sir” with a smile, Ojo will feel at home.
Security?
It’s Lagos — we’re always watching our back. But Ojo holds its own. There are community vigilantes, police presence, and a population that looks out for itself. It’s not paradise, but it’s not chaos either.
With more estates springing up and more people investing in fencing, lighting, and organized structures, the environment is gradually evolving into a neater, safer version of itself.Let’s talk environment.
Ojo has water views. Not the fancy Lekki kind, but real water — the kind that reminds you of riverside childhoods, of fresh fish, and simple joys. Places like Iba and Iyana School have a mix of urban and rural beauty that makes for interesting real estate development.
You can literally build a bungalow beside a stream and still get Uber rides to your gate. Where else does that happen?
Then there’s something else — something less tangible but deeply felt. A spirit of growth. Ojo gives people the feeling that life can move forward. That a house isn’t just a roof over your head, but a sign that you’re progressing.
People don’t just live here; they thrive. They build. They plan weddings. They raise children. They retire in homes they built brick by brick.
The Ojo Lagos real estate market is not screaming headlines every day, but the smart ones are paying attention.
Plots of land are getting picked up quietly. Developers are carving out estates. New roads are being graded.
And one day soon, Ojo might just surprise everyone and become the new goldmine people wished they had entered early.
So yes, people like to live in Ojo. And it’s not just because of affordability, accessibility, or community.
It’s also because Ojo allows dreams to grow without choking them. In a city like Lagos where many live in survival mode, Ojo offers the rare chance to actually plan a life.
And if you ask me — or any of the sharp agents that roam that axis with their rolled-up trousers and unbeatable gist — they’ll tell you: If you miss Ojo now, you might be buying back in a few years at twice the price, with half the peace of mind.
Ojo is not just a place. It’s an opportunity. And in Lagos, opportunities like this don’t wait forever.
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Business
Afreximbank Leads $4bn Financing for Dangote Refinery with $2.5bn Commitment
African Export-Import Bank has underwritten $2.5 billion in a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals, in a move aimed at strengthening the refinery’s financial position and supporting its long-term growth and expansion strategy.

The five-year facility, arranged alongside Access Bank as co-Mandated Lead Arrangers, is designed to consolidate existing debt, optimise the refinery’s capital structure and align its financing with current operational realities.
The transaction marks a significant milestone for the Dangote Refinery, Africa’s largest refining and petrochemical complex with a capacity of 650,000 barrels per day.

Afreximbank’s $2.5 billion participation represents the largest share of the syndicate, underscoring its strategic role in mobilising capital for industrial projects across the continent.
The bank said the financing aligns with its mandate to promote industrialisation, reduce reliance on imported petroleum products and deepen intra-African trade.
Since refining operations commenced in February 2024, Afreximbank has played a key role in supporting the project, including providing a $1 billion working capital facility and acting as financial adviser on the Naira-for-Crude initiative, which facilitates crude procurement and product sales in local currency.
Speaking during a strategy session in Cairo, Egypt, President and Chairman of the Board of Directors of Afreximbank, George Elombi, said the bank’s continued backing reflects confidence in indigenous African enterprises.
“We take immense pride in being the single largest provider of financing to the Dangote Group. We do so primarily because Dangote is African,” he said.
“When we invest in ourselves, we do more than create jobs and wealth or expand government revenues; we build a secure and resilient future for our continent”
Elombi disclosed that Afreximbank has committed about $15 billion to Dangote Group since 2015, highlighting the scale of its long-term partnership with the conglomerate.
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, described the financing as a critical step in positioning the refinery for its next phase of expansion.
“This financing marks an important step in strengthening the financial foundation of Dangote Petroleum Refinery & Petrochemicals and positions the business for the next phase of its growth,” he said.
“We appreciate Afreximbank’s continued support and confidence in our vision to build world-class industrial capacity that serves Nigeria, Africa and global markets.”
The syndicated loan attracted strong participation from a mix of African and international financial institutions, reflecting sustained investor confidence in the refinery as a transformative industrial asset in advancing Africa’s energy security, reducing import dependence and supporting the continent’s broader industrialisation agenda.
Business
BUA Foods Plc Reports Strong 2025 Performance with ₦1.77 Trillion Revenue, Proposes Record ₦28 Dividend per Share
Leading Nigerian food manufacturer BUA Foods Plc has announced robust full-year 2025 audited results, with revenue climbing 16% to ₦1.77 trillion from ₦1.53 trillion in 2024.
The growth was driven by sustained consumer demand for the company’s core staples sugar, flour, pasta, and rice alongside higher sales volumes and strategic pricing amid a challenging economic environment marked by inflationary pressures on households.
Profit after tax nearly doubled, rising 95% to ₦518.4 billion, while gross profit surged to ₦737.3 billion from ₦540.8 billion the previous year.
Operating profit also increased significantly to ₦656.6 billion.In a strong signal of confidence in its outlook and commitment to shareholder value, the Board of Directors has proposed a final dividend of ₦28 per ordinary share of 50 kobo.
This represents a 115% increase from the ₦13 per share paid in 2024, translating to a total payout of approximately ₦504 billion, subject to approval by shareholders at the company’s 2026 Annual General Meeting.
Chairman Abdul Samad Rabiu highlighted the results, stating that the substantial dividend hike underscores the company’s dedication to rewarding investors while continuing to invest in business expansion and operational efficiency.
BUA Foods, a major player in Nigeria’s food processing sector controlled by billionaire Abdul Samad Rabiu, has continued to benefit from scale advantages, market expansion, and resilient demand for essential food products despite broader economic headwinds.
The company’s shares have reacted positively in recent trading, reflecting investor optimism over the strong earnings and generous dividend proposal.
Full details of the financial statements were filed with the Nigerian Exchange (NGX) on Monday.
Analysts view the performance as a testament to BUA Foods’ robust business model and ability to navigate Nigeria’s macroeconomic challenges through volume growth and cost discipline.
Business
OPay launches new office in Jos
” Opening this office in Jos allows us to stay closer to the people we serve, better understand their needs, and continue to provide fast, secure, and reliable financial services that improve everyday life.”
OPay has officially launched its new office in Jos, Plateau State.
Speaking at the event, OPay’s Chief Operations and Technology Officer, Dotun Adekunle, said that the new Jos office reflects OPay’s continued commitment to putting customers first and advancing financial inclusion across Nigeria.
He said :” Our customers are at the center of everything we do.
Opening this office in Jos allows us to stay closer to the people we serve, better understand their needs, and continue to provide fast, secure, and reliable financial services that improve everyday life.”
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